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The drama in tech mogul John McAfee's life never seems to end. The Belize compound where he lived before he snuck out of the country to avoid talking to police about a murder was burned to the ground last week. No one was hurt. Officials in Belize said the cause of the fire...

The sum and substance, in a couple of slides: HQC stands for “High Quality Collateral”, and FTQ is “Flight to Quality”. Click to enlarge. The charts are from a special presentation included in the fiscal Q2 report by the Treasury Department’s Office of Debt Management. Continue reading: Collateral crunch-counting gets sophisticated...

Goldman Sachs bought a stake in the Industrial and Commercial Bank of China before it was cool — before it had the 2nd largest IPO in the history of the world in 2006, and before it was the largest bank in the world by market cap. Initially, Goldman owned 4.9% of...

20th May 2013 Global Witness understands that Hoang Anh Gia Lai (HAGL) CEO Doan Nguyen Duc held a press conference during which the company contested evidence in Global Witness’ report ‘Rubber Barons’. This report highlights how the company’s rubber plantations in Cambodia...

Gold prices are up modestly today, but continue to be near their lows of the year. "Downward pressure on gold continues and we are now back to levels post the mid-April selloff," said UBS's Edel Tully in a note titled Gold Shorts Dominate.  "Investor sentiment remains negative as highlighted by the...

Despite all the talk of rampant physical precious metals buying, in dollar terms it’s only getting worse for the “gold HAS INTRINSIC value” brigade. Another way of looking at it, of course, is that the dollar’s value is being rebased.Continue reading: Pump up, debase...

Alex Davies reports on a new study which concludes that the age of driving in America is over. It just so happens that fresh data on monthly motor vehicle miles driven is out today, and with that data we can compare total US monthly vehicle miles against the US population. As you...

21st May 2013 Global Witness is attending Shell’s AGM in The Hague today to ask the company to drop its support for a lawsuit that aims to kill off vital a U.S. transparency law. While the UK uses its G8 Presidency to...

The FTSE 100 has closed at 6755, cruising past its 2007 pre-crisis peak to its highest level since 2000: Rally monkey and suitable pessimism after the jump.Continue reading: In which the FTSE puts the crisis behind it...

Many factors affect the development of the economy, notably among them a nation’s economic and political institutions, but over long periods probably the most important factor is the pace of scientific and technological progress. That’s Ben Bernanke addressing a graduating class at Bard College at Simon’s Rock, Massachusetts, on Saturday. He...

From ICAP’s Gilt Repo Comment on Monday: The announcement by the DMO of further supply of UKT4T 15 (1.75 bln on the 29th May) is welcomed in light of the issue’s “tightness” in the REPO market. The bond overnight has averaged 11 bps through DBV to date in May and was...

Today in Abenomics, we saw some yen strengthening after Japan’s economy minister Akira Amari made remarks interpreted as indicating the yen had weakened enough: “People say the excessively strong yen has corrected quite a bit. If the yen continues to weaken steadily from here, negative effects on people’s lives will emerge,”...

3ders reports: Located in Lome, Capital of Togo, WoeLab is the first hackerpace in west Africa. A young Togolese maker at WoeLab wants to bring 3D printing technology to the land, to create a 3D printer "Made in Africa". He calls it W.AFATE, a composition of "W" WoeLab, and "Afate" the...

Asian shares rise || Yen strengthens on economy minister's comments || Yahoo to buy Tumblr || Portuguese banks warn of Cyprus 'virus' || Chinese house prices rise || Fears grow over US corporate lending risk || Steve Cohen subpoenaed || Co-op's Marks skips AGM || George Magnus on Chinese local...

OVER the last few weeks, as the stock market has reached new highs, my thoughts have turned to my 85-year-old mother. “O.K. Mr. Smarty-Pants,” she often asks me, “what stock should I buy now?” She first asked me this question when I was an undergraduate at Princeton, majoring in economics. She asked...

In the latest Bedtime with BTIG note, strategist Dan Greenhaus passes along this chart of various markets and how they've performed year-to-date. One thing that really stands out is how bad the performance has been from the BRICs. The two worst on here are Brazil and Russia. China and India are...

The historian Michael Beschloss just tweeted this excellent picture of the New York City skyline. He says it's from 1947. Please follow Business Insider on Twitter and Facebook.Join the conversation about this story » ...

Once again, Friday ended with the stock market climbing to new all-time highs. Even with last week's massive dump of lackluster economic data, volatility remained almost startlingly low. It's worth noting that it's been a while since anyone has said anything about a debt crisis.  Europe is cooling off and the U.S....

The can't-lose market continues. Japan up another 1% to start the week. The real big news though to start the week is the hard selloff in silver, as the pain continues for the precious metal bugs. Please follow Money Game on Twitter and Facebook.Join the conversation about this story » ...